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In this paper, we develop the idea of the Sraffian Supermultiplier, presenting it as an alternative to traditional neoclassical thought about economic growth and economic policy. Thus, a brief introduction is made about the importance of economic growth for classical economists, followed by the development of Harrod's model and the different solutions that have raised for sorting the problem of instability. Finally, we present the supermultiplier model of Serrano together with international empirical evidence that supports it and some proposals of economic policy are made. [ABSTRACT FROM AUTHOR]

This paper shows that economic theory can be analyzed by means of system dynamics, an intuitive approach that makes it possible to represent graphically the feedback loops between the variables involved in the models. It models Adam Smith's view of growth, according to Robert Heilbroner's highly simplified interpretation, (developed in a more comprehensive and exhaustive way by his teacher, the German sociologist and economist Adolph Lowe) by proposing a computational system for the study of complex models. The paper does not intend to make an original contribution to economic modeling, but to show a tool that allows simulations based on the principles of system dynamics, using specialized software. This tool can be used in teaching to show alternative modeling options to the conventional ones. [ABSTRACT FROM AUTHOR]

This paper makes an economic assessment of Jair Bolsonaro's presidency. It analyzes the triangle of incompatibilities: high income inequality-reprimarization of the economy-high economic growth; and if one adds the environment, one could say the impossible squaring of the circle. The result of this impossibility is economic stagnation, persistent high inequality, deterioration of the standard of living, especially of the poorest, and serious damage to the environment through deforestation. The pandemic and the war in Ukraine have shaken an already "sick" economy and reveal the structural crisis in Brazil, as well as the turning points in the functioning of the labor market. The present ruptures suggest the political exhaustion of the current presidency and that the country is at a crossroads. [ABSTRACT FROM AUTHOR]

This paper criticizes the supply-side economic policy promoted by the UK government under Prime Minister Liz Truss. According to the conventional interpretation, the stagnation and productivity crisis in the UK economy is due to the excessive tax burden on large corporations and the tax burden on the richest 1%. If these tax liabilities were reduced, it would increase the profitability of investment, demand and the rate of growth. This would translate into better incomes and higher levels of employment. This story is based on the Laffer curve and associated with the "trickle down" hypothesis, falsified by empirical evidence. Tax reductions for the richest people worsen the distribution of income, and do not raise income or employment. The cause and effect is from profits to investment and growth; not from spending to profits and growth. [ABSTRACT FROM AUTHOR]

This paper explores the credibility of monetary policy in Colombia and its evolution after the adoption of the inflation targeting system. To do so, a non-linear Phillips curve is estimated based on unemployment for an open economy, which incorporates the direct effect of past inflation rate on price formation and a prospective component. It shows a deeper trade-off between inflation and unemployment and lower inflationary persistence. Consequently, the country could emphasize the greater responsibility of the central bank in economic growth and employment. [ABSTRACT FROM AUTHOR]

Macarena Suanes and Oriol Roca studied the main determinants of inequality and economic growth in Latin America between 1980 and 2009 and found that one of the main determinants was foreign direct investment. This paper extends that study to 2015 and shows that such investment is no longer significant. In contrast, increasing human capital significantly reduces inequality and improves economic growth. It is recommended, then, that economic policies are oriented towards raising educational attainment. [ABSTRACT FROM AUTHOR]

This paper identifies the relationship between the health management of the COVID-19 pandemic and the economic outcomes. It shows economic and mortality indicators as well as other social and cultural variables affecting the results. It takes into account the effect of oil prices upon the exporting countries leeway. It also shows how the disruption in international trade affected global value chains. Countries with better health results during the pandemic showed better results in economic growth in the second quarter of 2020. The best predictor of economic success was the health system strengh measured by number of beds prior to the pandemic. [ABSTRACT FROM AUTHOR]

This paper presents an extended model that includes Thirlwall's simple rule. Growth in Mexico fell from an annual average of 6.76% in 1961-1981 to 2.95% in the 1982-2004 period. Net lows of capital, rents and transfers promote and stabilize the economy, but devaluation does not improve growth. Income growth rates and income elasticities between Mexico and the United States have become equal, which prevents convergence of per capita income. Mexico must design and implement an industrial policy if it wants to increase its rate of growth and face the fall of oil reserves and the changes in US immigration policies. [ABSTRACT FROM AUTHOR]